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Contents Management report Corporate governance Consolidated financial statements Financial statements Pillar 3
in millions of euros
Domestic retail
banking
Wholesale
banking and
international
retail banking
Leasing
Real estate
Other
segments
Consolidation
effects
Total
For the year ended 31 December 2015
Net interest income
5,661
2,270
1,094
348
(234)
9,139
Net fee and commission income
1,371
513
57
29
(16)
(62)
1,892
Other income
18
653
568
302
662
(220)
1,983
Total income
7,050
3,436
1,719
679
412
(282)
13,014
Staff costs
2,134
1,123
601
196
(38)
770
4,786
Other administrative expenses
2,520
1,101
277
124
(20)
(1,086)
2,916
Depreciation
116
107
38
7
47
128
443
Operating expenses
4,770
2,331
916
327
(11)
(188)
8,145
Impairment losses on goodwill
612
10
1
623
Loan impairment charges
343
526
85
90
(11)
1,033
Regulatory levies
171
139
19
15
344
Operating profit before taxation
1,766
(172)
689
246
434
(94)
2,869
Taxation
445
161
191
65
(183)
(24)
655
Net profit
1,321
(333)
498
181
617
(70)
2,214
Business segment assets
325,194
488,744
40,091
21,665
117,462
(326,455)
666,701
Investments in associates
16
487
32
197
2,940
3,672
Total assets
325,210
489,231
40,123
21,862
120,402
(326,455)
670,373
Business segment liabilities
296,086
476,806
35,411
19,591
111,941
(310,742)
629,093
Total liabilities
296,086
476,806
35,411
19,591
111,941
(310,742)
629,093
Investments in property and equipment
90
56
2,124
2
237
2,509
Impairment of tangible and intangible assets
631
10
1
11
653
Goodwill
322
131
448
2
2
905
Private sector loan portfolio
281,941
98,798
29,656
15,287
475
426,157
in millions of euros
Domestic retail
banking
Wholesale
banking and
international
retail banking
Leasing
Real estate
Other
segments
Consolidation
effects
Total
Value adjustments in loans and advances to customers
Balance on 1 January 2015
4,836
2,816
378
1,270
48
9,348
Loan impairment charges from loans and advances to
customers
377
556
120
91
(10)
1,134
Write-down of defaulted loans during the year
(1,440)
(478)
(167)
(218)
(4)
(2,307)
Interest and other adjustments
190
(14)
(9)
32
(2)
197
Balance on 31 December 2015
3,963
2,880
322
1,175
32
8,372
Individual value adjustment (specific allowance)
2,615
2,612
151
1,092
32
6,502
Collective value adjustment (collective allowance)
884
30
83
997
IBNR
464
238
88
83
873
Total
3,963
2,880
322
1,175
32
8,372
212 Rabobank Annual Report 2015
